Washington, D.C.. – The Heat is Power Association (HiP) applauds President Biden for signing the Inflation Reduction Act into law. The new law takes major steps towards addressing climate change and inflation. It will significantly reduce carbon emissions over a decade and create a resurgence of domestic manufacturing and good paying jobs.
“This sweeping legislation is transformational to clean energy and the incentives contained within will bring down the cost of advanced clean energy technologies. and spur greater industrial decarbonization,” said HiP Executive Director Petra Smeltzer. “We commend Members in both the House and the Senate for successfully crafting an agreement that includes an extension of essential clean energy and energy efficiency tax credits.”
HiP looks forward to working with the U.S. Treasury Department and the Department of Energy as the law is being implemented to ensure that waste heat to power (WHP) technology that turns excess heat from industrial processes into zero-emission electricity can be fully leveraged.
The Heat is Power Association is the national trade association representing the waste heat to power industry. HiP educates decision makers about the untapped clean energy opportunity presented by waste heat resources in the commercial, industrial, and institutional sectors. It advocates for policies that level the playing field for deployment of WHP along-side other emission-free power like wind, solar and geothermal. Our efforts include educating policy makers, regulators, and energy and environmental stakeholders about the zero-emission value presented by recycling waste heat into valuable energy for the hard to decarbonize CI&I sectors. www.heatispower.org